Job Growth Numbers for December 2009
The final jobs report of 2009 was worse than expected, with the unemployment rate still at 10 percent and 85,000 jobs lost in December, the same month President Obama held a major jobs summit and promised to "take every responsible step to accelerate job creation." Additionally, the number of "discouraged" workers, or those who have abandoned the job search, rose to 929,000, and the "underemployment" rate, or the number of "discouraged" and "part-time" workers rose to 17.3 percent, up from 17.2 percent in October. Overall, employers cut 4.2 million jobs in 2009, and the average unemployment rate was 9.3 percent, compared to the averages of 5.8 percent for 2008 and 4.6 percent for 2007.
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